Dianne Feinstein Suggests tax break for technology companies at luncheon with Santa Barbara Chamber of Commerce.
U.S. Senator Dianne Feinstein is suggesting a tax break for technology companies who choose to operate their businesses on U.S. soil instead of going overseas.
She spoke at a luncheon Wednesday, hosted by the Greater Santa Barbara Chamber of Commerce. Feinstein used charts to show where tax dollars are being spent, largely on medicare, Medicaid, veterans benefits and food stamps and said “We are coming to the edge of a cliff at the end of this year with a series of things expiring.”
Well under my lack of leadership, no really.
Feinstein said she supports a plan to give companies with patents that stay in the U.S. a tax reduction from 35 percent down to 15 percent.
In an obvious last second “Hail Mary” play the aging senator throw the concept up against the wall to see if it would fly among those members of the chamber in attendance.
Being private business owners, none were fooled. Many left the meeting asking what’s with the desperation? Why is she trying to act like a fiscal conservative now just because its election time. It was doubtful her trip was worth it and that she will receive any votes.
Feinstein has spent here entire career in the public sector and has little idea that the tax increases she has always supported have led the CA and the U.S. financial failures.